Shocking Technologies Raises Additional $10.5 Million From Circuit Protection Leader Littelfuse

Shocking Technologies, Inc., today announced it has raised $10.5 million. The lead investor is Littelfuse, Inc. LFUS, which had also participated in a prior strategic investment round last year. To date, Shocking Technologies has raised over $60 million in investment capital, and will use the latest funding to drive and meet global demand for its innovative VSD solution. Shocking Technologies' XStatic™ material is a polymer nano-composite that functions substantially as an insulator (dielectric) during normal circuit operation and becomes substantially conductive when the voltage increases beyond a predefined threshold. The XStatic material reverts back to behaving substantially as an insulator after the voltage drops back below the threshold to normal operating levels. The net result is that when the XStatic material is incorporated in a PCB or package substrate, damaging ESD voltages and currents can be routed to ground or to other predetermined locations so that elements, circuits, components and devices can be effectively protected against ESD events. The XStatic material comes with the accompanying software analysis tools.